Ravenswood Contract Interiors Limited - Abbreviated accounts 16.1

RAVENSWOOD CONTRACT INTERIORS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss S L Kent

REGISTERED OFFICE:

197B Perry Vale

Forest Hill

London

SE23 2JF

REGISTERED NUMBER:

02542430 (England and Wales)

ACCOUNTANTS:

AEL Markhams Ltd

Chartered Accountants

201 Haverstock Hill

London

NW3 4QG

FIXED ASSETS

Tangible assets

2

836

572

CURRENT ASSETS

Stocks

4,140

4,474

Debtors

23,111

28,016

Cash at bank

35,348

2,768

62,599

35,258

CREDITORS

Amounts falling due within one year

52,058

39,158

NET CURRENT ASSETS/(LIABILITIES)

10,541

(3,900

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,377

(3,328

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

11,375

(3,330

)

SHAREHOLDERS' FUNDS

11,377

(3,328

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 13 June 2016 and were signed by:

Miss S L Kent - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates

that are expected to apply when the timing differences reverse, based on current tax rates and laws. No provision

for deferred tax has been provided in these accounts as no material liability is expected to arise.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

12,910

Additions

542

At 31 December 2015

13,452

DEPRECIATION

At 1 January 2015

12,338

Charge for year

278

At 31 December 2015

12,616

NET BOOK VALUE

At 31 December 2015

836

At 31 December 2014

572

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

1

2

4.	TRANSACTIONS WITH DIRECTORS

Other creditors include an amount which is owed to Ms Sarita Kent of £10,409 (2014 debtor £7,152), who is a

director of the company.

5.	CONTROLLING PARTY

Ms Sarita Kent, a director, controls the company by virtue of a controlling interest of 100% of the issued

ordinary share capital.